Ondas Holdings, Inc. ( (ONDS) ) has released its Q2 earnings. Here is a breakdown of the information Ondas Holdings, Inc. presented to its investors.
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Ondas Holdings Inc., a prominent player in the autonomous drone and private wireless solutions sector, operates through its business units Ondas Autonomous Systems (OAS) and Ondas Networks, providing advanced aerial intelligence and connectivity solutions across various industries.
In its second quarter of 2025 financial report, Ondas Holdings announced a record revenue of $6.3 million, marking a six-fold increase from the previous year and a 50% growth from the prior quarter. The company also highlighted its strong cash position of $68.6 million, which supports its growth plans, and a significant backlog of $22.0 million, indicating robust demand for its products.
Key financial metrics include a gross profit of $3.3 million, a substantial improvement from a loss in the previous year, driven by higher-margin product shipments. Operating expenses rose to $12.6 million, primarily due to increased human resource costs and strategic initiatives. Despite a net loss of $10.8 million, the company improved its adjusted EBITDA to a loss of $5.8 million, reflecting better operational efficiency. Strategic highlights include major contracts for its Optimus and Iron Drone platforms and partnerships to expand its market presence.
Looking ahead, Ondas Holdings is on track for a record year with a revenue target of at least $25 million for 2025, driven by its OAS unit. The company anticipates continued growth supported by its backlog and strategic partnerships, positioning it well for future expansion in the autonomous aerial systems market.